Millennials may be having a hard time finding homes to settle down in due to student loans, but Generation Z isn’t planning to make those same mistakes.
According to new data, post-millennials otherwise known as Gen Zers are making homeownership one of the top priorities when it comes to their money. According to data, 97% of post-internet bubble citizens believe they will one day own a home. 82% say it is the most important part of the American dream, according to a survey of teens age 13 to 17 by Better Homes and Gardens Real Estate.
This is a big difference compared to millennials who witnessed parents and neighbors lose everything thanks to the housing bust and foreclosure epidemic. Though Generation Z also saw the housing downfall, the younger generation has managed to see the benefits of laying a foundation for a family.
“Many of these Gen Z teens were 7 to 11 years old when the recession hit,” said Sherry Chris, CEO of Better Homes and Gardens. “At that age, children equate home with stability.”
According to a survey, owning a home takes precedence over college, getting married or having children. Thanks to past generations, post-millennials plan on owning a home by the time they turn 28-years-old.
See how Generation Z plans on owning homes in the video above.